Balefire LLC Purchases New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Balefire LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 7,572 shares of the transportation company’s stock, valued at approximately $1,120,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. Vann Equity Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $641,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $5,017,000. Amundi raised its position in C.H. Robinson Worldwide by 24.7% in the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after buying an additional 67,108 shares during the last quarter. Empowered Funds LLC lifted its stake in C.H. Robinson Worldwide by 469.4% in the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after acquiring an additional 55,005 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $10,997,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHRW shares. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Bank of America restated a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.76.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.97 during midday trading on Friday, reaching $142.31. 1,888,816 shares of the company’s stock were exchanged, compared to its average volume of 1,979,632. The stock’s 50-day simple moving average is $148.33 and its 200 day simple moving average is $168.98. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.